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Positive Pituffik Titanium Project Update
Positive Pituffik Titanium Project Update.
About this update from 80 Mile Plc
[{"type":"text","content":"\n \nRNS Number : 8838K FinnAust Mining PLC 06 January 2016 \n\nClick on, or paste the following link into your web browser to view the associated PDF document:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/8838K_1-2016-1-5.pdf\n \nFinnAust Mining plc / EPIC: FAM / Market: AIM / Sector: Mining\n6 January 2016\nFinnAust Mining plc ('FinnAust' or the 'Company')\nThree Primary Targets Identified at Pituffik Titanium Project\n \nFinnAust Mining plc, the AIM listed exploration company with projects in Greenland, Finland and Austria, is pleased to provide further detail on work completed during 2015 at the recently acquired 126 sq km Pituffik Titanium Project ('Pituffik') in Greenland. This work focused on better defining areas likely to host economic mineralisation and was undertaken by Bluejay Mining Limited ('Bluejay'), in conjunction with the Geological Survey of Denmark and Greenland ('GEUS').\n \nHighlights\n \n· Pituffik comprises three main target areas along an >80km coastline historically proven to contain large & high-grade accumulations of primary Ilmenite occurring as placer deposits in the following environments:\n \no Raised beaches; containing ilmenite accumulations over widths of more than 1km, of unknown depths, along more than 20km of coastline\no Active beaches; which refer to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone - historically samples from this area have achieved 70% ilmenite by weight\no Drowned beaches; refers to the areas seaward of active beaches\n \n· The primary constituent of the Pituffik ilmenite is the metal titanium;\no Ilmenite is the primary feedstock in the production of all titanium based derivatives which include titanium dioxide ('TiO2'), used primarily as a bulking agent and white pigment for all paint products, has a wide range of uses in the military and defence sectors as well as aeronautical applications including space activities\no An emerging and potentially significant driver of titanium consumption will be 3D titanium printing, an application which has seen significant growth over the last five years and has significant commercial application\n \n· Seafloor bathymetry and boomer seismic profiling has been conducted over the drowne...